Whelen v. Craig

Opinion by

Linn, J.,

Plaintiffs have judgment for want of a sufficient affidavit of defense in their suit for defendant’s breach of contract to deliver to them certain property sold by them for his account pursuant to the instructions of his authorized agent. He was owner of 10 shares of capital stock of Continental Insurance Company, having a par value of $25. Ob. December 12, 1927, the company reduced its par to $10 per share and at the same time declared a stock dividend of 50% payable to stockholders of record December 30,1910, which would have entitled him to 12% shares additional (par…